Aussie CleanTech Index - February

Australia's leading clean tech index shows the sector continuing its recovery from a painful few years, but there's a long way to go to get back to the heady days of 2007.

The ACT Australian CleanTech Index rose strongly in February and outperformed both the S&P ASX200 Index and the S&P Small Ordinaries Index.

The index rose from 32.9 to 35.1 over the month, recording a 6.8 per cent gain. This compared to the S&P ASX200 gain of 4.6 per cent and the S&P ASX Small Ordinaries Index gain of only 0.6 per cent. The Australian CleanTech 20 recorded an even better result with a surge of 7.6 per cent.

The longer term figures for the ACT Australian CleanTech Index all remain short of the general market, although the three month figures are only just behind.

The market capitalisation of the 68 stocks in the ACT Australian CleanTech Index is $7.2 billion, well off its peak of $16.3 billion in July 2007 but up from its low of $6.2 billion in July 2012.

The month’s performance was driven by eight companies with gains of more than 15 per cent.

The greatest gains were recorded by Quantum Energy and Earth Heat Resources, each of which recorded gains of more than 50 per cent in February although both off very low prices. The biggest gain in market capitalisation was from Sims Metal Management which recorded a 16 per cent gain and Transpacific Industries with a 15 per cent gain.

These gains were partially offset by eight companies recording losses of more than 20 per cent over the month, including Greenearth Energy and KuTh Energy both recording losses of more than 40 per cent.

These best and worst performers are shown in the table below:

The ACT Australian Cleantech Index is published each month on the Australian CleanTech website at www.auscleantech.com.au.

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